Plough Foundation in Memphis, Tennessee (TN)

Organization representatives - add corrected or new information about Plough Foundation »

Non-representatives - add comments about Plough Foundation»

Plough Foundation
Employer Identification Number (EIN)237175983
Name of OrganizationPlough Foundation
Address62 N Main St Ste 201, Memphis, TN 38103-2198
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date10/1973
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$95,499,951
Amount of Income$32,651,962
Form 990 Revenue Amount$6,011,731
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations

Non-representatives - add comments:


Your IP address will be logged.

Amount of income in 2012: $32,651,962 (it was $6,011,731 in 2011)
This organization: 

Other organizations performing similar types of work: 


Assets in 2012: $95,499,951 (it was $98,246,561 in 2011)
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$6,011,731$5,303,954$0
Contributions, gifts, grants, etc., received$338,130
Interest on savings and temporary cash investments$1,128,657
Dividends and interest from securities$1,678,134
Gross rents$0
Gross profit from sales of goods$0
Other income$369,647
Total expenses and disbursements$9,324,262$693,120$0$8,460,692
Compensation of officers, directors, trustees, etc.$280,672
Total operating and administrative expenses$1,831,505$693,120$967,935
Contributions, gifts, grants paid$7,492,757
Excess of revenue over expenses and disbursements$-3,312,531
Net investment income$4,610,834
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$98,246,561$108,603,793
Cash - non-interest-bearing$35,187
Investments-U.S. and state government obligations$5,652,042
Investments-corporate stock$70,756,080
Investments-corporate bonds$15,932,080
Investments-mortgage loans$0
Total liabilities$15,318,236
Mortgages and other notes payable$0
Total liabilities and net assets/fund balances$82,928,325
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$2,497,163
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$92,217
Total credits and payments$103,968
2011 estimated tax payments and 2010 overpayment credited to 2011$103,968
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Amount to be credited to 2012 estimated tax$11,751
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?Yes
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$116,866,379
Net value of noncharitable-use assets$115,113,380
Minimum investment return$5,755,669
Distributable Amount (for 2011)
Distributable amount$6,033,099
Undistributed Income (for 2011)
Distributable amount for 2011$6,033,099
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated


Your Review

Would you recommend Plough Foundation to others? (optional)
Add photo of Plough Foundation (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Van Andel Institute333 Bostwick Ave Ne, Grand Rapids, MI 49503-2518MI1997-08$1,823,572,667
2Columbia Lutheran Charities, Columbia Memorial Hospital2111 Exchange St, Astoria, OR 97103-3329OR1976-07$68,174,711
3Buttonwood Foundation Inc11 Wall St 21st Floor, New York, NY 10005-1905NY1964-08$1,950,171
4Lauritz Melchior Helden Tenor Foundation2403 Windrow Dr, Princeton, NJ 08540-5019NJ1964-10$1,329,825
5Leonard And Jerry Greenbaum Family Foundation Inc1440 Spring St Nw, Atlanta, GA 30309-2832GA1991-01$803,254
6Nagda Foundation Inc150 Se 17th St Ste 400, Ocala, FL 34471FL1992-07$101,423
7Elk Regional Health System763 Johnsonburg Rd, St Marys, PA 15857-3417PA1994-12$34,199
8Mark Schulman And Esther Schulman Foundation6505 Wilshire Blvd Ste 1200, Los Angeles, CA 90048-4960CA1990-02$6,176
9Poplar Foundation6410 Poplar Ave Ste 900, Memphis, TN 38119-4841TN1995-03$55,095,757
10Plough Foundation62 N Main St Ste 201, Memphis, TN 38103-2198TN1973-10$32,651,962
11Jack C Massey Foundation5123 Virginia Way Ste B-22, Brentwood, TN 37027-7598TN1996-10$16,922,519
12Haslam Family Foundation IncPO BOX 10146, Knoxville, TN 37939-0146TN1997-12$5,931,922
13Deborah And Ca Craig Ii Family Foundation206 Paddock Ln, Nashville, TN 37205-3337TN1995-03$5,056,773
14Martha Christine White Foundation IncPO BOX 400, Winchester, TN 37398-0400TN1995-03$2,696,966
15Eastman Chemical Company Foundation IncPO BOX 511, Kingsport, TN 37662-5000TN1995-12$2,598,729
16Julia Carell Stadler Foundation Tr, Stadler Julia Carell Ttee1109 Belle Meade Blvd, Nashville, TN 37205-4505TN1998-02$1,221,524
17J C Garrett Iii Family Foundation131 Saundersville Road, Hendersonville, TN 37075-8903TN1995-03$452,833
18Lamberth Foundation Of Mississippi IncPO BOX 33, Hixson, TN 37343-0033TN1998-03$411,025
19Adams Family Foundation I2217 Battleground Dr, Murfreesboro, TN 37129-6006TN1993-01$410,967
20Drake Foundation Inc482 Halle Park Dr Ste 101, Collierville, TN 38017-7089TN1997-11$328,692
Number of organizations performing similar types of work
District of Columbia18
North Carolina96
North Dakota2
New Hampshire9
New Jersey117
New Mexico4
New York231
Rhode Island22
South Carolina28
South Dakota2
West Virginia17
Total2,754 is not associated with, endorsed by, or sponsored by Plough Foundation and has no official or unofficial affiliation with Plough Foundation